Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Consumer Prices in Toronto are 26.9% lower than in New York, NY (without rent) | |
| Consumer Prices Including Rent in Toronto are 38.3% lower than in New York, NY | |
| Rent Prices in Toronto are 50.6% lower than in New York, NY | |
| Restaurant Prices in Toronto are 26.3% lower than in New York, NY | |
| Groceries Prices in Toronto are 31.8% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 18.0% lower than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 $ (33.54 C$) |
16.40 $ (22.00 C$) |
-34.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 $ (134.16 C$) |
83.86 $ (112.50 C$) |
-16.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (16.10 C$) |
9.69 $ (13.00 C$) |
-19.2 % |
| Domestic Beer (1 pint draught) |
8.00 $ (10.73 C$) |
5.96 $ (8.00 C$) |
-25.5 % |
| Imported Beer (12 oz small bottle) |
10.00 $ (13.42 C$) |
6.37 $ (8.54 C$) |
-36.3 % |
| Cappuccino (regular) |
5.39 $ (7.23 C$) |
3.74 $ (5.02 C$) |
-30.5 % |
| Coke/Pepsi (12 oz small bottle) |
2.70 $ (3.62 C$) |
2.03 $ (2.73 C$) |
-24.6 % |
| Water (12 oz small bottle) |
2.19 $ (2.93 C$) |
1.57 $ (2.11 C$) |
-28.2 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (regular), (1 gallon) |
5.09 $ (6.82 C$) |
10.82 $ (14.52 C$) |
+112.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.90 $ (5.24 C$) |
2.34 $ (3.14 C$) |
-40.0 % |
| Rice (white), (1 lb) |
3.69 $ (4.95 C$) |
1.42 $ (1.90 C$) |
-61.6 % |
| Eggs (regular) (12) |
5.34 $ (7.17 C$) |
3.35 $ (4.50 C$) |
-37.2 % |
| Local Cheese (1 lb) |
8.23 $ (11.04 C$) |
5.01 $ (6.72 C$) |
-39.1 % |
| Chicken Fillets (1 lb) |
7.40 $ (9.93 C$) |
5.39 $ (7.23 C$) |
-27.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.16 $ (12.30 C$) |
6.21 $ (8.33 C$) |
-32.2 % |
| Apples (1 lb) |
2.81 $ (3.77 C$) |
1.67 $ (2.24 C$) |
-40.6 % |
| Banana (1 lb) |
1.02 $ (1.36 C$) |
0.57 $ (0.76 C$) |
-44.1 % |
| Oranges (1 lb) |
2.49 $ (3.34 C$) |
1.68 $ (2.26 C$) |
-32.4 % |
| Tomato (1 lb) |
2.88 $ (3.87 C$) |
1.69 $ (2.27 C$) |
-41.3 % |
| Potato (1 lb) |
1.80 $ (2.42 C$) |
1.11 $ (1.48 C$) |
-38.6 % |
| Onion (1 lb) |
1.74 $ (2.33 C$) |
1.18 $ (1.58 C$) |
-32.2 % |
| Lettuce (1 head) |
2.80 $ (3.75 C$) |
2.43 $ (3.26 C$) |
-13.1 % |
| Water (1.5 liter bottle) |
2.48 $ (3.33 C$) |
1.79 $ (2.40 C$) |
-28.0 % |
| Bottle of Wine (Mid-Range) |
18.00 $ (24.15 C$) |
12.86 $ (17.25 C$) |
-28.6 % |
| Domestic Beer (0.5 liter bottle) |
3.10 $ (4.16 C$) |
2.37 $ (3.18 C$) |
-23.6 % |
| Imported Beer (12 oz small bottle) |
3.86 $ (5.18 C$) |
2.63 $ (3.53 C$) |
-31.9 % |
| Cigarettes 20 Pack (Marlboro) |
16.00 $ (21.47 C$) |
13.38 $ (17.95 C$) |
-16.4 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-way Ticket (Local Transport) |
2.75 $ (3.69 C$) |
2.46 $ (3.30 C$) |
-10.6 % |
| Monthly Pass (Regular Price) |
129.00 $ (173.06 C$) |
116.28 $ (156.00 C$) |
-9.9 % |
| Taxi Start (Normal Tariff) |
4.50 $ (6.04 C$) |
3.33 $ (4.47 C$) |
-26.0 % |
| Taxi 1 mile (Normal Tariff) |
3.00 $ (4.02 C$) |
2.10 $ (2.82 C$) |
-30.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 $ (40.25 C$) |
23.11 $ (31.00 C$) |
-23.0 % |
| Gasoline (1 gallon) |
4.25 $ (5.70 C$) |
4.25 $ (5.70 C$) |
-0.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
25,000.00 $ (33,539.38 C$) |
22,361.78 $ (30,000.00 C$) |
-10.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,558.80 $ (32,947.47 C$) |
20,733.03 $ (27,814.91 C$) |
-15.6 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
169.15 $ (226.93 C$) |
151.37 $ (203.07 C$) |
-10.5 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.10 $ (0.14 C$) |
0.37 $ (0.50 C$) |
+256.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
72.75 $ (97.61 C$) |
56.31 $ (75.54 C$) |
-22.6 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
114.53 $ (153.65 C$) |
48.21 $ (64.67 C$) |
-57.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
36.15 $ (48.50 C$) |
19.14 $ (25.67 C$) |
-47.1 % |
| Cinema, International Release, 1 Seat |
18.00 $ (24.15 C$) |
11.18 $ (15.00 C$) |
-37.9 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,483.75 $ (3,332.14 C$) |
1,081.25 $ (1,450.57 C$) |
-56.5 % |
| International Primary School, Yearly for 1 Child |
43,333.33 $ (58,134.92 C$) |
19,661.59 $ (26,377.50 C$) |
-54.6 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
66.90 $ (89.75 C$) |
56.90 $ (76.33 C$) |
-15.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
53.48 $ (71.74 C$) |
38.86 $ (52.13 C$) |
-27.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
98.48 $ (132.12 C$) |
88.80 $ (119.13 C$) |
-9.8 % |
| 1 Pair of Men Leather Business Shoes |
155.54 $ (208.66 C$) |
116.52 $ (156.32 C$) |
-25.1 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| Apartment (1 bedroom) in City Centre |
3,778.58 $ (5,069.25 C$) |
1,813.37 $ (2,432.77 C$) |
-52.0 % |
| Apartment (1 bedroom) Outside of Centre |
2,550.66 $ (3,421.90 C$) |
1,566.01 $ (2,100.92 C$) |
-38.6 % |
| Apartment (3 bedrooms) in City Centre |
7,385.26 $ (9,907.89 C$) |
2,988.40 $ (4,009.16 C$) |
-59.5 % |
| Apartment (3 bedrooms) Outside of Centre |
4,169.97 $ (5,594.33 C$) |
2,475.31 $ (3,320.82 C$) |
-40.6 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,425.99 $ (1,913.08 C$) |
880.34 $ (1,181.04 C$) |
-38.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
907.27 $ (1,217.16 C$) |
711.44 $ (954.45 C$) |
-21.6 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
6,662.44 $ (8,938.16 C$) |
3,370.71 $ (4,522.07 C$) |
-49.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.66 | 5.85 | +3.3 % |
| Last update: | June 2023 | June 2023 | |
| Contributors in the past 12 months: | 501 | 854 |
Moving to New York, NY? Explore:
Moving to Toronto? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Parsippany-Troy Hills, New Jersey | 30.18 miles |
Cities near Toronto: | Cost of Living in Vaughan | 16.10 miles |
| Cost of Living in Richmond Hill | 22.87 miles |
| Cost of Living in Oakville | 25.57 miles |
| Cost of Living in Brampton | 27.62 miles |
| Cost of Living in Whitby, ON | 33.84 miles |
| Cost of Living in Burlington | 34.94 miles |
| Cost of Living in Oshawa | 35.88 miles |
| Cost of Living in Hamilton | 44.17 miles |
| Cost of Living in Guelph | 58.38 miles |
| Cost of Living in Cambridge | 60.12 miles |